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Generated Wednesday, 3 June 2020

www.mergermarket.com
the future at your fingertips
Announced Date Completed Date Pre-Rumour Date Lapsed Date Target Company Target Description Target Sector Target Dominant
Sector

24/01/2018 31/03/2018 Softlogic Holdings Sri Lanka-based Automotive,Comp Other

PLC (18.99% company uter
14/08/2014 29/09/2014 stake) Bank of
Union engaged
Sri in retail,
Lanka-based software,Consum
Financial Services Financial Services
Colombo PLC healthcare, bank
commercial er:
(68.00% stake) information
engaged in and Retail,Financial
communication
providing financial Services,Leisure,
technology,
solutions fortravel
small Other
You Searched on the following Criteria:
leisure,
and medium
automobile and
enterprises
Relationship: Advisors finance
Areas: Asia businesses
Regions: South Asia
Countries: Sri Lanka
Target Country Target Dominant Target Financial Target Legal Target Related Bidder Company Bidder Description Bidder Sector
Country Advisor Advisor Companies

Sri Lanka Sri Lanka Samena Capital UAE-based Financial Services

principal
Sri Lanka Sri Lanka Nithya Partners Culture Financial investmentholding
US-based firm Financial Services
Holdings Ltd. focused on private
company
equity, direct in
incorporated
investments
Cayman and
Islands
credit.
having The firm in
interest is
focused on the
commercial bank
Indian in
engaged
subcontinent,
providing financial
Asia, Middle
solutions East
for small
and North
medium Africa
(collectively, the
enterprises
SAMENA region).
Its private equity
business prefers
growth equity,
private
placements,
PIPEs and buy-
outs. It has 3
special situation
funds, focused on
small and medium
sized companies.
In parallel to its
special situation
funds, it invests in
companies with
enterprise values
between USD
100m and 2bn.

Its latest fund,

Samena Special
Situations Fund III
L.P. held its initial
close in April,
2017 and raised
an amount of
USD 375m. The
target size is USD
700m. The fund
life is 8 years, with
an option to
Bidder Subsector Bidder Country Bidder Dominant Bidder Financial Bidder Legal Bidder Related Seller Company Seller Description
Country Advisor Advisor Companies

Venture United Arab United Arab Samena Special

Capital/Private Emirates Emirates Situations Fund III
Equity
Banking Cayman USA CIMB Group Sdn Cleary Gottlieb L.P. to
TPG Samena
Capital LP to
Islands,USA Bhd Capital Financial
Steen & Hamilton Culture
LLP; FJ & G de Holdings Ltd.;
Saram TPG Asia VI SF
Private Limited to
Culture Financial
Holdings Ltd.
Seller Sector Seller SubSector Seller Country Seller Dominant Seller Financial Seller Legal Seller Related Implied Equity
Country Advisor Advisor Companies Value (m)

106.3748

128.38
Implied Equity Currency Net Debt (m) Net Debt (m) Enterprise Value Total Equity Total Debt Consideration
Value (m) Source Source (m) Funding Funding

LKR 16.3493bn. USD 333.1336 LKR 50.0166bn. 439.5084 Cash (USD 20m)
Based on As of 30 June
961,728,395
LKR 16.70bn. USD 2017. Softlogic
Not applicable 128.38 Cash (USD 87m)
shares on
Based of Holdings PLC
Softlogic Holdings
1,091,406,249 quarterly report.
PLC outstanding,
shares of Union USD 1: LKR
valued
Bank ofatColombo
an offer 150.14 as of 01
price outstanding
PLC of LKR 17 July 2017,
per share.
valued at an offer www.oanda.com
Softlogic
price of LKRHoldings
PLC stock
15.30 per share.
exchange
Union Bank of
announcement,
Colombo PLC
24 January
stock 2018.
exchange
Softlogic Holdings
announcement,
PLC
14 quarterly
August 2014.
report.
USD 1:USDLKR 1:
LKR 153.696
130.06700 as as
of
of 23
13 January
August 2014,
2017,
www.oanda.com
www.oanda.com
Total Mezzanine Deal Description Deal Type Deal Nature Deal Value Deal Value Deal ID Buy/Exit Type
Funding USD( m) Source

Acquisition,Cross Recommended 20 LKR 3.1063bn. 893682 IBI

Samena Capital border,IBI,Private Based on
has agreed to Acquisition,Cross Recommended 182,728,395
87 LKR 11.35bn. 522228 IBI
acquire 18.99% border,IBI,Public shares on
Based of
stake in Softlogic
Culture Financial Softlogic Holdings
742,156,249 new
PLC.has
Holdings Ltd. PLC acquired,
shares of Union
agreed to acquire valued
Bank ofatColombo
an offer
Samena
68% stakeCapital
in price acquired
PLC of LKR 17
is a UAE-based
Union Bank of per share.
valued at an offer
private equity
Colombo PLCfirm,
via Softlogic
price Holdings
of LKR
headquartered
a private in PLC stock
15.30 per share.
Dubai.
placement. exchange
Union Bank of
announcement,
Colombo PLC
Softlogic 24 January
stock 2018.
exchange
Holdings PLC, the USD 1: LKR
announcement,
listed
CultureSriFinancial
Lanka- 153.696
14 Augustas2014.
of 23
based
Holdings company
Ltd., a January
USD 1: LKR2017,
headquartered
US-based in
holding www.oanda.com
130.06700 as of
Colombo, is
company 13 August 2014,
engaged in retail,
incorporated in www.oanda.com
healthcare,
Cayman Islands
information
having interestandin
communication
commercial bank
technology,
and travel
is controlled
andTPG
by leisure,
Asia VI,
automobile
L.P., the US- and
finance
based private
businesses.
equity fund of
TPG Capital LP, a
Terms: private
US-based
equity firm,
headquartered in
Samena
Fort Worth,Capital
will acquire
Texas.
182,728,395
Softlogic shares
at LKR 17 per
share,
Union Bank of
representing
Colombo PLC
18.99%astake
(UBC), listedinSri
the company.
Lanka-based
company
The offer pricein
headquartered
represents:is a
Colombo,
commercial bank
Stake (%) Months Held PE House

18.99 29 Samena Capital

68 70 TPG Capital LP
Announced Date Completed Date Pre-Rumour Date Lapsed Date Target Company Target Description Target Sector Target Dominant
Sector

09/12/2015 09/12/2015 Asiri Group of Sri Lanka-based Medical Medical

Hospitals Ltd. company
16/10/2010 31/12/2010 Ceylon Oxygen operatingbased
Srilanka a chain Chemicals and Chemicals and
Limited (95.00% of hospitals
producer of materials materials
16/07/2019 16/07/2019 stake)
Asia Pacific industrial
Sri and
Lanka-based Services (other) Services (other)
Institute of medical gases
education institute
09/01/2020 09/01/2020 Information
John Keells Sri Lanka-based Other Other
Technology
Holdings PLCLanka conglomerate
(Private) Limited
(10.80% stake)

You Searched on the following Criteria:

Relationship: Advisors
Areas: Asia
Regions: South Asia
Countries: Sri Lanka
Target Country Target Dominant Target Financial Target Legal Target Related Bidder Company Bidder Description Bidder Sector
Country Advisor Advisor Companies

Sri Lanka Sri Lanka

Sri Lanka Sri Lanka Linde AG Listed Germany- Automotive,Chemi

based technology cals and
Sri Lanka Sri Lanka BG Investments group
Sri providing
Lanka-based materials,Constru
Financial Services
Pte Ltd gas and
investment ction,Industrial
Sri Lanka Sri Lanka Citigroup Global engineering,
holding
UK-based company products
Financial and
Services
Markets material handling
having interest
investment in services,Medical,
and refrigeration
companies
banking and Services (other)
solutions
engaged in
financial services
providing financial
provider
services marine,
education and
healthcare.
Bidder Subsector Bidder Country Bidder Dominant Bidder Financial Bidder Legal Bidder Related Seller Company Seller Description
Country Advisor Advisor Companies

Actis LLP UK-based private

equity firm that
Engineering Germany Germany Actis South Asia invests between
UK-based private
services,Heavy Fund 2 LP USD 5m
equity fundand ofUSD
construction,Indus
Principal finance Sri Lanka Sri Lanka Ekuiti Nasional 100m,LLP.
Actis and has
Malaysia-based
trial equipment Berhad three business
private equity
and
Investment United Kingdom United Kingdom Khazanah lines: Energy,
Fundraising:
company
Malaysia-based owned The
machinery,Industri
broking Nasional Berhad Private
fund
by theclosed
sovereign Equity in and
wealth
al gases,Medical Real
April Estate.
2006
Government
fund of the with of
equipment & committed
Malaysia.
Government of capital
services,Refrigera The
of Energy
USD
Malaysia 115m.
tion business
The firm makes
specializing seeks in to
equipment,Vehicl invest
Strategy: in
investments in high
The of
e growth,
fund
globalwill
MYR 50m buy
focus
(USD
Islamic and on
manufacturing,Ve build
Indian
14.19m) power in
Finance products,
ntilation/heating/ai companies,
investments,
companies
aviation, in
financial
r conditioning focusing
along with
growth
services, on power
stage. It
generation
businesses
typically acquires
telecommunicatio based
technologies
in
ns,Sri
majorityLanka,
power, stake
media and
(wind,
Bangladesh
holds
and solar,
its gas,
and
porfolios
hydro).
Pakistan.
for a periodIt is of 3-5
communications
interested
years. The
services, infirm high
utilities,
growth
Investors: monopoly
The
seeks to invest in
information
distribution
commitments
all sectors except
technology,
platforms
were
gaming, raised
healthcare, asfrom
alcohol, well.
Depending
a diverseand
property
education, on of
group
geography,
investors from
construction.
renewable the
firm
Asia, determines,
Europe,
energy, creative the
which
US and
Ekuinas
economy, sectors
the
was can
be supported
Middle
founded
sustainable East,
in the in a
cost-competitive
including
year 2009,
development CDCwith and
way.
and GICTheSpecial
headquarter
transportation Energy in
business
Investments.
Petaling Jaya
sectors. has
contributed USD
(Malaysia).
4.4bn
The firm to 31
prefers to
energyin Malaysia,
invest
transactions,
India, Muslim and
exited
majority 21world,
investments.
and also
considers other
Within thecross
strategic Private
Equity
border business
the firm seeksIt to
investments.
make
prefersinvestments
to invest in
typically
government- in four
sectors:
linked companies.
consumer,
Seller Sector Seller SubSector Seller Country Seller Dominant Seller Financial Seller Legal Seller Related Implied Equity
Country Advisor Advisor Companies Value (m)

Financial Services Venture United Kingdom United Kingdom

Capital/Private
Financial Services Equity
Venture United United Kingdom Rothschild & Co Actis LLP to Actis
Capital/Private Kingdom,India South Asia Fund
Equity
Financial Services Sovereign Wealth Malaysia Malaysia 2 LP Education
ILMU
Fund,Venture Group Sdn Bhd to
Capital/Private
Financial Services Sovereign Wealth Malaysia Malaysia Ekuiti Nasional
Broga Hill 1172.0872
Equity
Fund Berhad
Investments Ltd.
to Khazanah
Nasional Berhad
Implied Equity Currency Net Debt (m) Net Debt (m) Enterprise Value Total Equity Total Debt Consideration
Value (m) Source Source (m) Funding Funding

Not Available. Not Available

Actis Press
Release,
Not 16
available. USD Not available 9.9897 Cash (USD 10m)
October
Ekuiti 2010
Nasional
Berhad
LKR press
210.907bn. USD 0.3692 LKR 66.9095m. 1172.4564 Cash (USD 126m)
release,on16 July
Based As of 30
2019
1,318,173,279 September 2019.
John Keells John Keells
Holdings PLC Holdings PLC
outstanding, quarterly report.
valued at an offer USD 1: 181.196
price of LKR 160 as of 01 October
per share. John 2019,
Keells Holdings www.oanda.com
PLC stock
exchange
announcement,
09 January 2020.
USD 1: 179.942
as of 08 January
2020,
www.oanda.com
Total Mezzanine Deal Description Deal Type Deal Nature Deal Value Deal Value Deal ID Buy/Exit Type
Funding USD( m) Source

Exit 670590 OE

Acquisition,Cross Recommended Not Disclosed. 267119 TS

Linde AG, the border,Exit,Privat Actis Press
listed Germany- e
Acquisition,Cross Recommended Release,
10 MYR 41m.16 1008094 TS
based company
BG Investments border,Exit,Privat October 2010
Approximate.
engaged
Pte Ltd, ainSri the e
Acquisition,Cross Recommended Ekuiti22.696bn.
126 LKR Nasional 1041811 TS
gases
Khazanahand
Lanka-based border,Exit,Privat Berhadon
Based press
engineering
investment
Nasional Berhad e release,
141,854,71716 July
John
sector,
has soldhas
holding company
10.76% 2019. USD 1:
Keells Holdings
acquired
having
stake 95% in
ininterest
John MYRacquired,
PLC 4.10422 as at
stake inHoldings
companies
Keells Ceylon of 15
an July
offer 2019,
price of
Oxygen
engaged
PLC Limited,
in
to Citigroup www.oanda.com
LKR 160 per
the Sri
providing lanka-
Global Markets financial share. John
based
services
Limited. producer
marine, of Keells Holdings
industrial and
education and PLC stock
medical
healthcare,
Citigroup gases, has
Global exchange
from
MarketsEuropium
acquired Asia is
Limited announcement,
Limited,
Pacific
a UK-based the
Institute of 09 January 2020.
holding
Information
investment company USD 1: 179.942
of Actis South
Technology
banking andLanka as of 08 January
Asia Fund
(Private)
financial 2 LP,
Limited,
services 2020,
the
a SriIndia-based
Lanka-based
provider, www.oanda.com
private
education equity fund
headquartered in
of
London.Capital
Actis
institute, from
LLP, the
Ekuiti UK-
Nasional
based
Berhad, venture
John Keells Malaysia-
capital and
based private
Holdings PLC private
is a
equity firm,
for
Sri Lanka-based an for an
undisclosed
enterprise
conglomerate, value
consideration.
of MYR 41m in
headquartered
(USD 9.98m).
Colombo.
Ceylon Oxygen
employs
The 160
acquisition
Khazanah
people. The
will enable
Nasional Berhad
transaction
BG
is a Investments
Malaysia- will
enable
to expand
based Linde their
sovereign to
expand
footprints
wealth and
fund in of the
strengthen
education
Government itsof
sector
market
in Sri in
Lanka.
Malaysia, Asia The
and Sri
sale Lanka. in
of Asia
headquartered
Post completion
Pacific
Kuala generated
Lumpur.
Linde
a Gross intends
Internal to
acquire
Rate
Terms: the
Return (IRR)
remaining
of 17.5% and minority
a
shares multiple
money of Ceylon of
Stake (%) Months Held PE House

38 Actis LLP

52 Actis LLP

67 Ekuiti Nasional
Berhad
Khazanah
Nasional Berhad